Clinical Trial Research
Bentley Pharmaceuticals Announces Fourth Quarter and Full Year 2006 Financial Results
Published in Medical Verdicts and Law Weekly, March 15th, 2007
For the fourth quarter 2006 consolidated revenues were $27.1 million, a 7% increase from $25.2 million reported in the fourth quarter of 2005. Gross margins on net product sales for quarters ended December 31, 2006 and 2005 were 48.7% and 45.7%, respectively. Operating income for the fourth quarter 2006 was $2.9 million compared with $4.4 million reported in the same quarter of the prior year. The Company noted the lower operating income resulted from increased expenses supporting development of its intranasal...
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